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-thirds of the g.d.p. of the united states of america. over $9 trillion. they write half of the mortgages in this country, and two-thirds of the credit cards, okay? three out of the four large financial institutions that we bailed out because they were too big to fail are today bigger than they were before we bailed them out. now, if this were teddy roosevelt were president of the united states, what do you think he would say? he'd say, "break these babies up." let's create a system where the financial institutions actually invest and lend money into the productive economy, where businesses are trying to produce products or create services, not the kind of casino, this horrendous, ugly casino that we have on wall street. >> but senator durbin, the number two democrat in the senate said to me and to others that the banks, wall street, those six firms now own the senate. >> that's right. that's all absolutely right. >> how are you going to, how are you going to get a reform there, when they -- >> well, that takes us back to another issue that dick and i and others are working on.
first time in centuries the president of the united states has officially declared himself an enemy of traditional marriage between one man and one woman. >> you are witness to a modern tale of resurrection. a second-coming. the bible speaks of lazarus, raised by jesus from the grave to walk again among the living. ralph reed, too, has been returned to life, political life. but he goes lazarus one further. lazarus was a poor man. reed is rich, and he just keeps getting richer from mixing religion and politics. and that's a story you don't want to miss. at age 33, ralph reed was the christian right's wonder boy. anointed in a 1995 "time" magazine cover story as the "right hand of god" for spinning the trust of conservative christians into political gold. it was reed who built the christian coalition of televangelist pat robertson into a powerful arm of the republican party. >> as religious conservatives we have finally gained what we have always sought. a place at the table, a sense of legitimacy and a voice in the conversation that we call democracy. >> in 2000, reed helped put george
the united states a black eye, just the transaction costs for having to manipulate all the money and stave off the debt ceiling cost, according to the government accountability office, $1.3 billion. >> and why did that impasse occur? why couldn't they solve the deficit crisis? or why wouldn't they solve the deficit crisis? >> because they believed that they had obama over a barrel. and that they could force him to do what they wanted, which was to radically downsize all domestic discretionary spending. and he wasn't going to do it. and that's how we got to that situation. >> what do you think's going to happen after the election, no matter who wins? because the popular expectation is that we're heading toward a fiscal cliff. are we going to go through in those few months between the election and the inauguration, what we went through with the deficit crisis that you just talked about? >> i would say the likeliest possibility is that we'll get some sort of short-term extension of the provisions to kick the can down the road a little bit. now, i'm not saying that will happen. there
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